531 High Street, Lower Hutt, Lower Hutt

Government Tenant

This quality commercial investment accommodates a government tenant on a new 6 year lease. It is has a current gross rental of $856,080pa plus GST with annual increases annually.

The property is a high quality two-story office building with an open plan ground floor area and perimeter mezzanine and 75 car parks. The property was re-strengthened a couple of years ago bringing it about 70% NBS.

This area north of the Hutt City CBD is vibrant with a new modern medical center being built and bulk and boutique retail nearby. Some of the neighbouring tenants are Pak 'n Save and Animates.

This a fantastic large scale passive investment. Contact Matt or Fraser for an information memorandum.